Title: I have a solution for the 'Debt Chrisis', the 'Debt Celling' or what ever you want to call it. Source:
[None] URL Source:[None] Published:Apr 17, 2011 Author:taxpayer Post Date:2011-04-17 10:26:52 by Itistoolate Keywords:None Views:604 Comments:13
Since there is NO backing for the $, DOLLAR, ie GOLD or Silver, just print more FRNs and pay Rothschild off.
What I want to know is why the interest and principal payments on the debt are going to the Fed Res because it's not their money being printed and loaned. It's America's money supply. They are nothing more than the machinery being used to print it into circulation and to account for the payments and the interest that should be collected for our government, not for the Fed Res. Our government should be completely out of debt several times over by now with all the interest that's been collected and should be turning a huge profit.
If the Fed Res was also audited for what they likely owe in back income taxes for their trillions upon trillions in transactions, that amount past due might completely eliminate the debt they claim America owes.